Our Airlines are shrinking, Our Auto companies are shrinking, Our Banks are shrinking, Our Construction companies are shrinking, Our Retailers are shrinking, Our Restaurants are shrinking, Our Insurers are shrinking, and now government revenues are shrinking at the fastest pace in history..........

Not only are revenues shrinking, costs for everything is exploding.....never has this happened before.

If you don't think our economy is sick yet......pretty soon it will tell you whether you like it or not.

Now the question is what percentage of families were resorting to use credit to meet debt obligations? This is not a judgment question, simply a mathematical one.

If a certain percentage of American families were using credit to pay obligations, and now credit is being cut off.....what kind of default rate can we expect going forward as an inevitable slowdown will likely get much slower.